Leading bourse BSE on Tuesday asked asset management companies to ensure that individual clients compulsorily submit their Aadhaar details from January onwards as part of compliance with anti-money laundering rules.
The instruction has been issued after the government amended, in June, the Prevention of Money Laundering (Maintenance of Records) Rules with regard to collection of Aadhaar number from clients.
Various requirements related to the amended rules have been "made mandatory, with effect from January 1, 2018", according to a BSE circular issued for the mutual fund segment.
In case a client is an individual who is eligible to be enrolled for Aadhaar, he or she will have to submit the Aadhaar number to the reporting entity -- asset management company (AMC), the exchange said.
